1056 Beach Road, Torbay, North Shore City, Auckland Income + land = investment gold

Available PropertyFiles:

  • /A. Record of Title/
    • Beach Road 1056_NA49B_452_Title.pdf
  • /B. LIM Report/
    • Beach Road 1056_LIM.pdf
  • /C. Lease Documenation - Shop 1/
    • Shop 1 - Deed of Renewal & Variation of Lease (2014).pdf
    • Shop 1 - Deed of Variation, Renewal & Rent Review (2022).pdf
  • /C. Lease Documenation - Shop 2/
    • Shop 2 - Deed of Lease (10 May 2010).pdf
    • Shop 2 - Deed of Lease (13 May 2010).pdf
    • Shop 2 - Letters.pdf
  • /C. Lease Documenation - Shop 3/
    • Shop 3 - Deed of Assignment of Lease.pdf
    • Shop 3 - Letter.pdf
  • /C. Lease Documenation - Shop 4/
    • Shop 4 - Letter.pdf
    • Shop 4 - Deed of Lease.pdf
  • /D. Auckland Council Property Files/
    • Auckland Council Property Files.zip
  • /E. Information Memorandum/
    • Beach Road 1056_Information Memorandum.pdf
  • /F. Seismic Report/
    • ISA - 1056 Beach Rd, Torbay.pdf

Property Description

• Fully tenanted investment returning $116,948.77pa + GST
• 889sqm (more or less) freehold site
• Local Centre zoning providing future development potential

Situated in the heart of Torbay village on Auckland’s’ North Shore, this commercial block of shops offers a prime, diversified investment opportunity that, with a combination of land area and zoning, provides excellent real estate fundamentals that will look after the next owner well into the future. The property is located on Beach Road, ensuring excellent visibility and consistent foot traffic due to its proximity to key amenities such as supermarkets, cafes, and local services.

With four established tenants’ being a sushi, roast, hairdresser and restaurant businesses and rental rates in the $300/sqm range (on average) this is a sustainable convenience/service retail offering that benefits from its tightly held location with currently zero retail vacancy in the township and ample on-site car parking. Long term the generous landholding and ridgeline position offers a redevelopment proposition that will benefit from the properties coastal position and potential for viewshafts from upper floors.

With the rate cut cycle underway and term deposit rates falling this is an excellent opportunity to beat the bank and secure an investment with strong returns.

For sale by way of Auction (unless sold prior) being held at 11am, Wednesday 4th December 2024, Bayleys House, 30 Gaunt Street, Auckland, New Zealand

Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.


Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
5. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from anytime.

Contact Matt Mimmack

Bayleys Real Estate Limited

Licenced under REA 2008

+64 21 229 5878   matt.mimmack@bayleys.co.nz   All Listings

With over sixteen years specialising in selling and leasing North Shore Industrial Real Estate, Matt has been the influential catalyst of a number of large transactions in the area and throughout the country.

Appointed Director of Bayleys Commercial North Shore with management experience, Matt has the knowledge and experience to assist you with your commercial requirements. Priding himself on uncompromised standards Matt has an ability to deliver exceptional results for his clients.

After initially training with the Bayleys Property College and being a chosen apprentice for Bayleys North Shore Commercial, Matt became a Bayleys ‘Rookie of the Year’ in his first year in the industry.

This has carried through to being the North Shores top commercial agent for the last 5 years with over 400 million dollars worth of sales concluded to date.

Being an avid sportsman with drive and a will to win, Matt has all the attributes of a successful Agent to achieve the best results for you.

Achievements:
Bayleys Top Achiever Trips 2014 – 2019
Bayleys Top 10% 2015
Bayleys Top 5% 2016 - 20222
Bayleys BRE Top Achiever Trip 2017 & 2023
Bayleys North Shore Commercial Top Agent for 2017 - 2023


Contact Michael Nees

Bayleys Real Estate Limited

Licenced under the REAA 2008

+64 9 489 0963   +64 21 182 3085   michael.nees@bayleys.co.nz   All Listings

Michael is a Senior Broker at Bayleys Commercial on the North Shore. Specialising in Investment Sales, Michael has concluded in excess of $200 million of transactions of this nature and has been a top 5 Broker at Bayleys North Shore for the last 3 years.

Recognised as one of the leading Investment Sales Brokers across all agencies on the North Shore, Michael has amassed numerous accolades in his career including membership to a distinguished national group of brokers under the age of 35 to achieve specific key performance indicators.

This blend of experience and results combined with a youthful passion and enthusiasm for his work has produced an impressive track record of record prices/yields and a reputation for being able to conclude some of the most challenging transactions in the market in recent memory.

Michaels philosophy is simple, to add value to his clients transactions by any ethical means necessary. Armed with a Degree in Property Valuation and Management and a determined and tenacious nature this often involves going beyond the “extra mile” to achieve the best outcome for his valued clients.

Michael has a proud North Shore heritage being a Rangitoto College and Massey University alumni and is passionate about the future of the region.